More Questions on Indian Economy
- Q. The co-operative credit societies have a
A)three-tier structure
B)four-tier structure
C)two-tier structure
D)five-tier structure
Answer: three-tier structure
- Q. The Ex-Officio Secretary of National Development Council is:
A)General Secretary of Lok Sabha
B)Secretary of Finance Ministry
C)Secretary of Planning Commission
D)Vice Chairman of Planning Commission
Answer: Secretary of Planning Commission
- Q. The currency convertibility concept in its original form originated in
A)Bretton Woods Agreement
B)Taylors Agreement
C)Wells Agreement
D)None of the above
Answer: Bretton Woods Agreement
- Q. Debenture holders of a company are its
A)creditors
B)debtors
C)shareholders
D)directors
Answer: creditors
- Q. The annual yield from which of the following Union Government taxes is the highest?
A)Corporation tax and income tax
B)Inheritance tax, wealth tax, interest tax and gift tax
C)Custom duties
D)Excise duties
Answer: Excise duties
- Q. In April 1980 how many banks were nationalized?
A)eight banks
B)five banks
C)six banks
D)nine banks
Answer: six banks
- Q. Excise duty is a tax levied on the
A)export of goods
B)production of goods
C)import of goods
D)sale of goods
Answer: production of goods
- Q. Which of the following is the most appropriate cause of export surplus?
A)Country's stringent import policy
B)Country's exports promotion value
C)Developments in national and international markets
D)None of the above
Answer: Developments in national and international markets
- Q. In November 2007, the finance commission constituted by the president of India was:
A)Tenth
B)Ninth
C)Thirteenth
D)Eleventh
Answer: Thirteenth
- Q. Which of the following is not an undertaking under the administrative control of Ministry of Railways?
A)Konkan Railway Corporation Limited
B)Indian Railways Construction Company Limited
C)Container Corporation of India Limited
D)Diesel Locomotive Works, Varanasi
Answer: Indian Railways Construction Company Limited
- Q. With the objective of opening the insurance sector for private participation the Insurance Regulatory and Development Authority Act (IRDA) was passed in:
A)the year 1999
B)the year 1998
C)the year 2005
D)the year 1990
Answer: the year 1999
- Q. Inflation is measured in India on the basis of which ‘Index’?
A)Consumer Price Index for urban workers
B)Wholesale Price Index
C)Consumer Price Index for agricultural workers
D)National income deflation
Answer: Wholesale Price Index
- Q. The current price index (base 1960) is nearly 330. This means that
A)the prices of certain selected items have gone up to 3-3 times
B)weighted means of prices of certain item has increased 3-3 times
C)all items cost 3-3 times more than what they did in 1960
D)gold price has gone up 3-3 times
Answer: weighted means of prices of certain item has increased 3-3 times
- Q. What is the objective of ‘Sangam Yojna 1996’?
A)To make Ganga water pollution free
B)To make Sangam region of Allahabad more attractive for tourists
C)To increase the welfare of the disabled
D)To unite, various groups of Hindus
Answer: To increase the welfare of the disabled
- Q. In India, the first bank of limited liability managed by Indians and founded in 1881 was
A)Oudh Commercial Bank
B)Punjab National Bank
C)Hindustan Commercial Bank
D)Punjab and Sind Bank
Answer: Oudh Commercial Bank
- Q. If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
A)Rs. 25,000 crores
B)Rs. 1,00,000 crores
C)Rs. 50,000 crores
D)Rs. 1,25,000 crores
Answer: Rs. 50,000 crores
- Q. Ten rupee notes contain the signature of:
A)Chairman, SBI
B)Governor, RBI
C)Finance Secretary, GOI
D)Finance Minister , GOI
Answer: Governor, RBI
- Q. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
A)500 rupee
B)100 rupee
C)1000 rupee
D)All of the above
Answer: All of the above
- Q. In coal production, India ranks in the world:
A)First
B)Third
C)Second
D)Fourth
Answer: Second
- Q. The currency convertibility concept in its original form originated in
A)Bretton Woods Agreement
B)Wells Agreement
C)Taylors Agreement
D)None of the above
Answer: Bretton Woods Agreement
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